EC resignations to stall legislative programme

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Latest Briefings

Longer term tenancies? Potential implications for lenders

Walker Morris’ Housing and Banking Litigation experts Karl Anders, Justin Coley and Sandip Singh explain the UK government’s consultation on introducing longer-term tenancies in the private rented sector, with a particular focus on potential impacts for lenders…

Assessing creditworthiness in consumer credit: FCA publishes final rules and guidance

The results of a large-scale survey by the Financial Conduct Authority (FCA) in 2017 indicated, among other things, that: 75% of UK adults had one or more consumer credit products or loans in the previous 12 months; 4.1 million people were “in difficulty” because they had already failed to pay domestic bills or meet credit […]

Open Banking, fintech and the Brexit hokey cokey

By Miles Trower London is, arguably, the most important global hub for financial services. As a result, the consequences of the Brexit vote, the ensuing uncertainty and the eventual transitional and regulatory framework applying to UK financial services and how it will continue to access overseas markets has been subject to huge speculation. Much of […]

FCA consultation on a Global Financial Innovation Network

By Russell Kelsall On 7 August 2018, the Financial Conduct Authority (FCA) published a consultation on the creation of a Global Financial Innovation consultation. With innovation in the global financial services market rapidly increasing, it is important for firms to consider the options for building, implementing and sharing experiences of digital solutions.

Austria: The DPA’s strict view on retention periods

At the end of July, the Austrian Data Protection Authority (‘DPA’) published its first decision on retention periods applying the General Data Protection Regulation (‘GDPR’; DSB-D216.471/0001-DSB/2018). The decision is final. The DPA had to decide for which period a provider of telecommunications services (hereinafter: the ‘controller’) may (respectively must) retain so-called master data, required for […]

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Scuffle of the week

A bizarre row, described by one bystander as “dynamite”, has broken out among the Scottish judiciary. Scotland’s most senior wig, Lord McCluskey, has criticised the Crown’s handling of a murder case in Glasgow High Court. Lord Hardie, the Lord Advocate and head of prosecutions in Scotland, has broken with tradition and countered that Lord McCluskey […]

Quote of the week

“I’ve got 50 partners up my butt trying to find out what’s going on.” – One regional marketing manager who contacted The Lawyer about our story revealing that Bupa was considering sidelining City firms in favour of regional practices. Ironically, it’s usually Bupa which is doing the looking to find out what’s going on. Correction. […]

NSPCC lawyer attacks Evidence Bill

The NSPCC’s in-house lawyer has attacked a Government Bill for failing to protect child witnesses. Barbara Joel-Esam complains that the Youth and Criminal Evidence Bill – currently in its Lords report stage – takes away the automatic right of a child to give video evidence, leaving it instead to the court’s discretion. According to the […]

Slaughters to pay £200k damages for negligence

SLAUGHTER and May has been ordered to pay more than £200,000 in damages after the High Court found it acted negligently in a property deal. The City firm, which is considering an appeal, must pay £204,541 plus interest to Summit Financial Group (formerly Aurit Services) to indemnify the company for possible further losses. The case […]

Bakers opens for business in Baku

BAKER & McKenzie has opened for business in the Azerbaijan capital, Baku, nearly a year after it decided to move into the country. The international firm has beaten Scottish practice Ledingham Chalmers in the race to become the first firm to win a licence. Baker & McKenzie’s licence was issued in December but the firm […]

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